10.52
+4.26%
Close of 9 Nov 2026, in USD
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About Heartland Express
From its filings with the US Securities and Exchange Commission
Heartland Express is based in North Liberty, Iowa and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker HTLD. The SEC classifies its business as trucking (no local). In the fiscal year to 31 December 2025, it reported revenue of $805.7m and a net loss of $52.5m. At that date it held total assets of $1.19bn and shareholders' equity of $755.3m.
Heartland Express, Inc. is a holding company incorporated in Nevada, which directly or indirectly owns all of the stock of the following legal entities: Heartland Express, Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc. (collectively, "Heartland Express"), and Midwest Holding Group, LLC and Millis Transfer, LLC (together, "Millis Transfer"), and Smith Transport, LLC ("Smith Transport"), and certain Mexican entities. Effective December 31, 2025, we integrated and rebranded U.S. operations of Contract Freighters, Inc. ("CFI") into Heartland Express. Effective December 31, 2024, Franklin Logistics, LLC was merged into Smith Transport, LLC. Effective December 31, 2023, Smith Trucking, Inc. was merged into Smith Transport, Inc. Further, effective December 31, 2023 Smith Transport, Inc. and Franklin Logistics, Inc.
We primarily provide nationwide asset-based dry van truckload service for major shippers across the United States, along with cross-border freight and other transportation services offered through third party partnerships in Mexico. Our consolidated average length of haul is under 400 miles. We focus on providing high quality service to targeted customers with a high density of freight in our operating areas. We also offer truckload temperature-controlled transportation services and Mexico logistics services, which are not significant to our consolidated operations. We generally earn revenue based on the number of miles per load delivered and the revenue per mile or per load paid.
Quoted from its 10-K, filed 3 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Road & Rail
- Listed since
- 5 Nov 1986
- Employees
- 4,560
- Website
- heartlandexpress.com ↗
- Head office
- 901 HEARTLAND WAY, NORTH LIBERTY, IA, 52317
- Incorporated in
- NV
- Classification
- Trucking (No Local)
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Michael GerdinChairman of the Board, Chief Executive Officer, President and Director, since 1996$1.1m
- Mr. Christopher StrainChief Financial Officer, Vice President - Finance, Treasurer$372,899
- Mr. David MillisPresident of Millis Transfer, Director, since 2020$295,652
- Mr. Kent RigdonChief Operating Officer$343,332
- Mr. Joshua HelmichSenior Vice President, Chief Financial Officer of Contract Freighters, Secretary of Heartland Express$298,769
- Mr. K. Eric EickmanVice President of Information Technology$168,790
- Mr. Todd TrimbleVice President of Safety and Security$182,890
- Dr. Adm. Benjamin AllenIndependent Director$66,250
- Dr. Brenda LantzIndependent Director$59,250
- Ms. Brenda NevilleIndependent Director$63,250
- Mr. James PrattIndependent Director$71,750
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 37
- Environment
- 2
- Social
- 47
- Governance
- 63
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Heartland Express Inc has a strong track record of reliable and on-time delivery services, ensuring customer satisfaction.
- The company has a well-established and experienced team of drivers who are skilled in transporting goods efficiently and safely.
- Heartland Express Inc owns a modern and well-maintained fleet of trucks, enabling them to provide high-quality transportation services.
- The company's strong financial position allows for investments in advanced technology and infrastructure.
Weaknesses
- Heartland Express Inc may face challenges in adapting to rapidly changing industry regulations and compliance requirements.
- The company heavily relies on fuel prices, which can impact its profitability and operational costs.
- Heartland Express Inc has limited geographic coverage, which might hinder its ability to serve certain regions effectively.
Opportunities
- The growing demand for efficient transportation solutions presents an opportunity for Heartland Express Inc to expand its customer base.
- Advancements in technology, such as autonomous vehicles and telematics, offer opportunities to enhance operational efficiency.
- Heartland Express Inc can explore strategic partnerships or acquisitions to expand its geographic reach and service offerings.
- Increasing emphasis on sustainability and environmental concerns opens avenues for the company to invest in eco-friendly transportation practices.
Threats
- Intense competition from existing transportation companies as well as new entrants in the market poses a threat to Heartland Express Inc.
- Fluctuating fuel prices and economic conditions can impact the company's profitability and financial stability.
- Changes in government regulations and policies related to transportation and trucking industry may pose challenges for compliance.
- Disruptions in the supply chain due to natural disasters, labor disputes, or other unforeseen events can affect the company's operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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